CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

A CFA Candidate purchased a copyrighted CFA exam preparatory study guide from a publisher. Two weeks prior to the exam, the Candidate lost the study guide, so he photocopied a copy that his friend had purchased. According to the Standards of Practice Handbook, did the CFA Candidate most likely violate the CFA Institute Standards of Professional Conduct?

A. Yes
B. No, because he had purchased his own copy.
C. No, because both had purchased their own copies.
Correct Answer: A

The Candidate violated Standard I (A)-Knowledge of the Law and Standard I (D)-Misconduct. By photocopying copyrighted material without the permission of the author and publisher, the Candidate violated copyright law and effectively stole the intellectual property of the author and publisher (hence acting dishonestly).

User Contributed Comments 3

User Comment
msk500 I got this wrong for a silly reason. I should have noted the word 'copyright'
Jia612 copy write law? Does this violate the standard I-C as well since it's a misrepresentation.
Hermalia @Jia612: I don' t think this a misrepresentation since no one is claiming the work as their own.
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